Singapore

Enforcement

Singapore Police Investigate Nickel Trading Investment Fraud

By Editors | 21/02/2021

Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.

Securities / Derivatives

HK, Singapore on Alert for Social Media Fuelled Manipulation

By Manesh Samtani | 19/02/2021

The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

Market Infrastructure

Euroclear to Enable Direct Access to SGX Bonds for Global Investors

By Manesh Samtani | 18/02/2021

The new ‘Orchid’ bond structure will allow global investors to benefit from real-time, multi-currency DVP settlement with any counterparty within Euroclear’s network.

Securities / Derivatives

SGX May Introduce SPACs This Year, Subject to Market Support

By Editors | 18/02/2021

SGX chief Loh Boon Chye says SPACs could facilitate access to capital while minimising market risk exposure by providing another avenue for investment.

Big Picture

Singapore Rated Asia’s Top Regulatory System, Followed by Hong Kong

By Editors | 18/02/2021

Duff & Phelps survey respondents rated the UK as the world’s top regulatory regime, followed by Singapore and the US, which tied for second place.

ESG / Sustainability

Budget 2021: Singapore to Finance Infrastructure with Green Bonds

By Manesh Samtani | 17/02/2021

The issuance will help deepen market liquidity for green bonds, and attract green issuers, capital, and investors to Singapore, said Deputy Prime Minister Heng Swee Keat.

ESG / Sustainability

Singapore v EU: How Their Green Taxonomies Compare

By Shuhui Kwok | 11/02/2021

Allen & Overy’s Shuhui Kwok discusses Singapore’s proposed green taxonomy, describing how it aligns with – and differs from – the EU Taxonomy Regulation.

Fintech / Regtech

PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay

By Editors | 10/02/2021

The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.

Fintech / Regtech

SGX, Trumid, Hillhouse to Launch Asian Bond Trading Platform

By Editors | 08/02/2021

The partnership will connect SGX’s and Trumid’s bond trading platforms to enhance liquidity and execution in the Asian bond market for global clients.